Rayonier Advanced Materials

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Creation of Rayonier Advanced Materials

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Revision as of 17:17, 2 May 2024
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In June 2014, the company split its operations into two independent companies: ''Performance Fibers'' on one hand is named ''Rayonier Advanced Materials'' (NYSE: RYAM) and ''Forest Resources'' together with ''Real Estate'' as a REIT on the other hand continues as ''Rayonier, Inc.'', headed by David L. Nunes as its new CEO.<ref>{{cite web|url=http://phx.corporate-ir.net/phoenix.zhtml?c=91500&p=irol-presentations|title=Separation of Performance Fibers|publisher=Rayonier|date=January 27, 2014|format=PDF|access-date=23 April 2014}}</ref><ref>{{cite web|url=http://phx.corporate-ir.net/phoenix...sArticle&ID=1929740&highlight=|title=Rayonier Names David Nunes Post-Separation CEO for Rayonier|publisher=Rayonier|date=May 12, 2014|format=PDF|access-date=21 May 2014}}</ref> Shareholders of Rayonier have received one share of the new Rayonier Advanced Materials company for every three shares of Rayonier on June 27, 2014.<ref name="Spin-off" /><ref name="phx.corporate-ir.net"/>In June 2014, the company split its operations into two independent companies: ''Performance Fibers'' on one hand is named ''Rayonier Advanced Materials'' (NYSE: RYAM) and ''Forest Resources'' together with ''Real Estate'' as a REIT on the other hand continues as ''Rayonier, Inc.'', headed by David L. Nunes as its new CEO.<ref>{{cite web|url=http://phx.corporate-ir.net/phoenix.zhtml?c=91500&p=irol-presentations|title=Separation of Performance Fibers|publisher=Rayonier|date=January 27, 2014|format=PDF|access-date=23 April 2014}}</ref><ref>{{cite web|url=http://phx.corporate-ir.net/phoenix...sArticle&ID=1929740&highlight=|title=Rayonier Names David Nunes Post-Separation CEO for Rayonier|publisher=Rayonier|date=May 12, 2014|format=PDF|access-date=21 May 2014}}</ref> Shareholders of Rayonier have received one share of the new Rayonier Advanced Materials company for every three shares of Rayonier on June 27, 2014.<ref name="Spin-off" /><ref name="phx.corporate-ir.net"/>
Rayonier Advanced Materials recently rebranded as RYAM. RYAM is an American company recognized globally for its cellulose-based technologies. Specializing in high-purity cellulose specialties, RYAM produces natural polymers extensively used in manufacturing filters, food, pharmaceuticals, and various industrial applications.Rayonier Advanced Materials recently rebranded as RYAM. RYAM is an American company recognized globally for its cellulose-based technologies. Specializing in high-purity cellulose specialties, RYAM produces natural polymers extensively used in manufacturing filters, food, pharmaceuticals, and various industrial applications. Additionally, the company produces products for the paper and packaging industries.
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